问题如下：
6. The market value added (MVA) in euros for the Fontenot Company is closest to:
选项：
A.38.87.
B.39.92.
C.43.65.
解释：
C is correct.
EP = NOPAT – $WACC = EBIT(1 – T) – WACC × Capital
EP(Year 1) = 50(1 – 0.30) – 0.12(100) = 35 – 12 = €23
EP(Year 2) = 50(1 – 0.30) – 0.12(50) = 35 – 6 = €29
[#PZMATH402#]
(An alternative way to get MVA is simply to find the NPV of the investment project.)
请问为什么第二年的$WACC是12%*50了，为什么不是12%*100？
